Chartered Accountants
Research & Development Claim Settled!
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. During these uncertain times when businesses must do all they can to survive, it is critical to consider all options available to maintain cash inflow.
Recently, our EQ Taxperts completed a R&D claim for a specialist software company based in Scotland, which resulted in a client saving of £242,951!
The company design unique software to analyse bank data, primarily for use by businesses to allow the clients to prepare and release their products having factored in risk, compliance and fraud factors.
In the year under review, the company was involved in developing its software to take raw data and analyse it for the masses. The company completely redesigned and re-engineered its client platform to provide much greater usability. Amongst other projects the company continues to develop its bank statement analysis tools in order to provide behavioural predictions based on mass data, to provide very useful information to lenders for example.
Our client have claimed R&D tax credits for several years, and invested its tax savings into enhancing the team and therefore accelerating the R&D solutions.
Our dedicated R&D team have saved over £21 million for our clients. Claims may require only 3 to 5 hours of your time and can be done largely over the phone with the likely result of significant tax refunds. We do not tie you into contracts and will do as much or as little as required to help businesses, the important point being to make a claim to generate cash flow.
If you would like to discuss your own circumstances to see if you are eligible to make a claim, please get in touch with David or Ross.
